by Angel Carrier | September 15, 2022 | Employee Benefits, Employer Guidance, Medicare & Individual
Employers who provide prescription drug coverage to those who are or may become eligible for Medicare Part D, must notify both plan members and CMS on whether the coverage provided is deemed “creditable” or “non-creditable” per the Medicare Modernization Act (MMA) of 2003. Creditable coverage means that the government considers the employer’s prescription drug coverage as good as or better than the Medicare drug benefit. Often, insurance carriers provide notices that outline whether your plan(s) are creditable or not. Many of the prescription copay plans are creditable, but often the High Deductible Health Plans (HDHP) are not. Determinations are subject to change each year.
by Angel Carrier | September 8, 2021 | Employee Benefits, Employer Guidance, Medicare & Individual
Employers who provide prescription drug coverage to those who are or may become eligible for Medicare Part D, must notify both plan members and CMS on whether the coverage provided is deemed “creditable” or “non-creditable” per the Medicare Modernization Act (MMA) of 2003.
by Jim Beatrice | May 10, 2021 | Employee Benefits, Employer Guidance, Medicare & Individual
As members of the National Association of Health Underwriters (NAHU) we receive weekly bulletins on benefit related topics, mostly focused on health insurance. Here are topics of interest from week ending May 7, 2021.
by Geralyn Isler | July 23, 2019 | Employer Guidance, Health Care Reform, Medicare & Individual
On July 17, 2019 the IRS issued guidance expanding the preventive care benefits that can be provided by a high-deductible health plan (HDHP) and remain qualified for HSA eligibility. Ordinarily the HSA rules do not allow for preventive care for services or benefits... by Lee Arkenau | July 11, 2019 | Medicare & Individual
The government provides minimum coverage under original Medicare (Parts A & B). Patients enrolled in Medicare alone are at risk for large medical bills with no maximum out-of-pocket protection for covered expenses. One solution for protecting from these... by Geralyn Isler | June 25, 2019 | Employee Benefits, Employer Guidance, Health Care Reform, Medicare & Individual
President Trump signed an executive order on June 24, 2019 directing federal agencies to increase healthcare price and quality transparency. The order directs the Departments of Labor, Treasury and Health and Human Services to issue guidance and propose regulations...
